BorgWarner sees M&A 'extremely active' but closing deals tough

DETROIT Feb 14 Merger and acquisitions activity
remains high in the auto industry, but it has become more
difficult to finalize deals in the tougher economic environment,
the chief financial officer of auto parts supplier BorgWarner
Inc said on Thursday.

Still, deal-making is the company's top priority and M&A
business is "extremely active," Chief Financial Officer Ron
Hundzinski said during a conference call with analysts.

Dec 9 The former Mitsubishi Motors
plant in Normal, Illinois that was shut about a half year ago
has been purchased by startup Rivian Automotive, which plans to
reopen the factory in five years, the Normal mayor said on
Friday.

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